Cues Suggest Mixed Open For Canadian Markets
Investors might be further reacting to the 25 basis point increase of interest rates to 4.75 percent by the Bank of Canada. Early signs suggest that Canadian markets might open mixed.
Gold and Silver Futures are positive. Oil Futures are adding 0.65 percent at 73.00.
The benchmark S&P/TSX Composite Index ended down 71.91 points or 0.36 percent at 19,983.69 on Wednesday. The major U.S. indexes are pointing to a lower open on Thursday.
The bursting of the Nova Khakovka dam, described as an 'ecocide' might create further friction between the warring Russia and Ukraine. More than 1400 houses were flooded away and 300 animals were killed in the incident.